TechFlow reported on November 14 that, according to Bitcoin.com, Wyden, a digital asset trading infrastructure provider, announced the completion of a $16.4 million (14.5 million Swiss francs) Series B funding round led by Truffle Capital. New investors include Postfinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, Fivet Fintech, as well as existing investor C3 Venture Capital.
Wyden stated it intends to use the investment to accelerate its sell-side expansion targeting banks, brokers, and exchanges. The company also plans to enter markets where digital asset operations are regulated similarly to traditional financial services. In addition to integrating another 20 banks, brokers, and exchanges, Wyden will strengthen its various functions and development centers in Poland.
